Negligence | Negligent Recommending of Investments
Brokerage firms and banks are members of such organizations as the New York Stock Exchange and FINRA. As such, they must abide by their rules including those required for the protection of investors. These rules set the general standard of conduct for the industry, and evidence the duty of care owed to investors. Violation of these rules and standards can give rise to claims for negligence.
Failing to follow industry standards such as ensuring that investment professionals only recommend investments that are suitable for each individual investor is evidence of negligent conduct. A brokerage firm’s failure to properly supervise its employees pursuant to FINRA’s supervisory rules is further evidence of negligent conduct. If you feel that your investment professional has been negligent in its recommendations and oversight of your accounts, you may have a claim for damages.
Legal Help for Victims of Negligence
The Investment Losses Law Firm of Gilman Law LLP is a leading securities fraud law firm and is here to help you recover damages for negligence. For a FREE evaluation of your case, please fill out our online form, or if you need to speak to an attorney right away CALL TOLL FREE (1-888-252-0048) today.